LMW joins hands with Sobha to launch project in Coimbatore

COIMBATORE: Textile machinery manufacturing major Lakshmi Machine Works has partnered with property developer Sobha to promote a housing development project, élan, at Ganapathy in Coimbatore. The project is coming up on a 4.76-acre plot owned by LMW.

The 236-apartment project comprising single, double and three-bedroom apartments, is expected to be completed and handed over to buyers by June 2016.

Sobha Developers is quoting Rs 42 lakhs for a single bedroom apartment.

“The bhoomi pooja is over, but we are yet to commence booking,” the Deputy Managing Director of Sobha Developers P. Ramakrishnan said.

COIMBATORE: Rakindo Developers, a joint venture between Rakeen, a company promoted by the Government of Ras-al-Khaimah and Trimex, an infrastructure company in India, is developing a residential project in Coimbatore, Orchids. The affordable gated community houses over 800 1, 2 and 3 BHK apartments, ranging from 672 sq. ft to 1,459 sq. ft.

THIRUVANANTHAPURAM: The Vigilance Department, which has initiated a detailed probe into the land in the illegal possession of Harrisons Malayalam Ltd and the forgery of documents related to them, has decided to constitute a high-level team, including top officials of the Land Commissionerate, State Land Bank, Registration and Survey Departments.

COIMBATORE: A 34-year-old man was brutally attacked by two persons with a knife generally used for scaling fish on Monday night. The injured person has been admitted at Coimbatore Medical College Hospital (CMCH). Police have arrested one person in this incident.

KOCHI: Amid rising shortage of ready-available land for realty and construction projects, Kerala could look at places like Singapore for a model in housing development, said S N Raghuchandran Nair, chairman of the Kerala chapter of Confederation of real estate Developers' Association of India (Credai). He was talking to the reporters in Kochi on Thursday after announcing 'Credai Conclave 2013', to be held in Delhi on December 13 and 14. The conclave will focus on the theme 'Housing: the game cha

KOCHI: Almost 20 years after it revised the property tax for commercial and residential buildings in the city, the Kochi corporation is all set to implement an overhauled tax regime in two months, which is expected to swell their coffers by an additional Rs 20 crore next year. Currently, the civic body's annual levy from property tax stands at Rs 80 crore.